Hmmm.....the amount of interest that B-School Placements generate is simply mind-boggling. Not a day passes without some mag or daily visiting our campus and providing us with unwarranted publicity (Footage in IIMB Lingo). There have been mediapersons clamouring for interviews with the prodigies, unauthorized media entries inside the campus and even mobbing of students outside it. There have even been Panel Discussions on "Are IIM Grads worth their weight in Gold?"

However what took the cake was a request by a major news channel (ohhh to hell with political corretness and diplomacy...it was NDTV) to cover Holi Celebrations inside the campus.
Guys give us a break....any of the top-notch busines students are just that, students, maybe just a little bit more smart than others, maybe just a bit more sharp and surely a hell more lucky than most. But since when did we become demi-gods.

People who are proclaiming the placements as evidence of the fact that Indian B-Schools have come of age either are oblivious of the facts or just don't want to acknowledge it. The Infra is nothing compared to the US B Schools, the electives on offer is limited (and IIMB has the highest number of electives), most of the Day 0 companies offer a differential in salary between our US counterparts and us on account of work-ex differences and recruit us at levels of their university grads (this trend, however, is on the decline as most I-banks are making specialized positions for IIM Students who cannot be equated with Univ Grads in terms of exposure, depth of knowledge and business acumen and neither can they be compared with US MBAs).

The salaries quoted in the newspapers are at best just a representation of buoyancy in the economy, low levels of qualified graduates in Western Countries due to their extremely expensive education system, and even a bit of labour cost arbitrage (Indian MBAs are paid at levels of Univ grads and work according to the requirements of US MBAs).

Let me clarify this once and for all USD 193,000 kinda salary is not on offer for every IIM Grad. This particular person's profile is such that he merits this kinda compensation (He is IITK topper, Masters from UC Berkely and has a work-ex of 2-1/2 years. As far as the highest Indian salary offered of INR 30 lakhs is concerned the guy is IITM Topper who did his Masters from Univ of Ohio and then worked for 3 yrs in US before thinking of an MBA. Again if u talk about highest Indian salary accepted 16 lakhs p.a. (which is what urs truly will be receiving from a top-notch Investment Bank) the person concerned is plain and simple very very lucky.